India's ReNew sells USD 375m of green bonds

March 7 (Renewables Now) - ReNew Power Ventures Pvt Ltd has issued USD 375 million (EUR 332m) in five-year green bonds to refinance commercial borrowings and invest in green projects, the Indian independent power producer (IPP) said today.

The issuance opened for subscription on Tuesday and closed on the same day. It was fully subscribed by fund managers, asset managers, banks, pension funds and life funds from the US, Europe and Asia, ReNew said.